These 6 Non-Crypto Companies Are Copying MicroStrategy and Gobbling Up Bitcoin – DL News

They include industries such as health technology, sustainable energy, gaming, and education, but share the same strategy – Bitcoin hoarding.

This tactic has been very profitable Accurate strategy. Since making its first Bitcoin purchase in 2020, MicroStrategy stock has risen 22-fold.

Now, other companies are looking to replicate that success, especially with Bitcoin trading at a 15% discount to its all-time high last month.

Bitcoin advocates are trying to pressure major technology giants such as… MicrosoftAmazon, and dead To consider placing top cryptocurrencies on their balance sheets.

Here is a sample of listed companies that have already followed in MicroStrategy’s footsteps:

Boya Interactive

Hong Kong-listed Boyaa Interactive is the largest bitcoin holder in Asia.

mostly Referred to Named “MicroStrategy of Hong Kong,” the company owns 3,183 bitcoins, worth approximately $300 million.

Boya It is primarily a developer of online board and card games.

The company in December exchanged $50 million worth of Ethereum it was holding for more Bitcoin.

Semler Scientific

Semler Scientific is a US-based health technology company that specializes in diagnostic and monitoring tools.

CEO Eric Semler is an outspoken supporter of Bitcoin, prominently displaying Bitcoin in his Twitter profile banner and captioning tweets by MicroStrategy CEO Michael Saylor.

“Why haven’t more public companies adopted a Bitcoin treasury strategy?” He said Semler in December.

He went further, predicting that he would “consider it irresponsible for public companies not to have Bitcoin on their balance sheets.”

Semler Scientific now owns 2,084 bitcoins, worth approximately $200 million. Its stock price has doubled since its first Bitcoin purchase in May.

Meta Planet

Metaplanet, also inspired by MicroStrategy, holds 1,762 bitcoins worth approximately $165 million.

In a recent statement, CEO Simon Jerovich said shown Its goals for 2025, including expanding its Bitcoin holdings to 10,000 BTC.

Similar to MicroStrategy itself, Metaplanet’s share price has seen a rise of over 2,200% since it started buying Bitcoin in April of last year.

Kangoo

Cango, a Shanghai-based car loan provider, entered the bitcoin space by mining it directly rather than buying it. The company invested 400 million dollars To buy Bitcoin mining equipment in November.

She has managed to acquire 933 Bitcoins since then – an amount worth $87 million.

Cango’s stock price has doubled in the same period.

KULR Technology Group

KULR, a thermal and energy management solutions company, is the latest entrant to this list.

I started the MicroStrategy-esque Bitcoin strategy less than one month ago, with an initial purchase of 217 Bitcoin.

At the time, KULR revealed it would put… 90% From its cash reserves to intermittent purchases of Bitcoin.

Less than two weeks after its first purchase, KULR purchased another 213 bitcoins, bringing the value of its holding to $40 million.

However, Bitcoin has been in chaos ever since. Anyone who bought KULR stock on the same day as their first purchase of Bitcoin is down 30% today.

Genius group

Genius Group, an AI-driven education and business company based in Singapore, has adopted its own “Bitcoin first” treasury strategy.

It currently owns 372 bitcoins worth about $35 million, although its shares have fallen more than 27% since its first bitcoin purchase in November.

Company Objectives To integrate Bitcoin payments on its EdTech platform and launch blockchain education programs.

Kyle Bird is the weekend editor for DL ​​News. Got a tip? Email at kbaird@dlnews.com.